Johnson Outdoors Price To Earning vs. Return On Equity

JOUT Stock  USD 33.74  0.53  1.60%   
Based on Johnson Outdoors' profitability indicators, Johnson Outdoors is yielding more profit at this time then in previous quarter. It has a moderate probability of reporting better profitability numbers in January. Profitability indicators assess Johnson Outdoors' ability to earn profits and add value for shareholders. At this time, Johnson Outdoors' Days Sales Outstanding is comparatively stable compared to the past year. Sales General And Administrative To Revenue is likely to gain to 0.10 in 2024, despite the fact that Operating Cash Flow Sales Ratio is likely to grow to (0.08). At this time, Johnson Outdoors' Accumulated Other Comprehensive Income is comparatively stable compared to the past year. Total Other Income Expense Net is likely to gain to about 11.7 M in 2024, whereas Net Income is likely to drop slightly above 14.4 M in 2024.
Current ValueLast YearChange From Last Year 10 Year Trend
Gross Profit Margin0.460.365
Significantly Up
Slightly volatile
Net Profit Margin0.06280.0599
Sufficiently Up
Slightly volatile
Operating Profit Margin0.06730.0701
Sufficiently Down
Slightly volatile
Pretax Profit Margin0.08320.0792
Sufficiently Up
Slightly volatile
Return On Assets0.06870.0654
Sufficiently Up
Slightly volatile
Return On Equity0.06460.0912
Way Down
Slightly volatile
For Johnson Outdoors profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Johnson Outdoors to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Johnson Outdoors utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Johnson Outdoors's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Johnson Outdoors over time as well as its relative position and ranking within its peers.
  

Johnson Outdoors' Revenue Breakdown by Earning Segment

Check out Risk vs Return Analysis.
For more information on how to buy Johnson Stock please use our How to Invest in Johnson Outdoors guide.
Is Leisure Products space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Johnson Outdoors. If investors know Johnson will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Johnson Outdoors listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.89)
Dividend Share
1.32
Earnings Share
(0.83)
Revenue Per Share
57.138
Quarterly Revenue Growth
(0.08)
The market value of Johnson Outdoors is measured differently than its book value, which is the value of Johnson that is recorded on the company's balance sheet. Investors also form their own opinion of Johnson Outdoors' value that differs from its market value or its book value, called intrinsic value, which is Johnson Outdoors' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Johnson Outdoors' market value can be influenced by many factors that don't directly affect Johnson Outdoors' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Johnson Outdoors' value and its price as these two are different measures arrived at by different means. Investors typically determine if Johnson Outdoors is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Johnson Outdoors' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

Johnson Outdoors Return On Equity vs. Price To Earning Fundamental Analysis

Comparative valuation techniques use various fundamental indicators to help in determining Johnson Outdoors's current stock value. Our valuation model uses many indicators to compare Johnson Outdoors value to that of its competitors to determine the firm's financial worth.
Johnson Outdoors is rated fourth overall in price to earning category among its peers. It is rated below average in return on equity category among its peers . At this time, Johnson Outdoors' Return On Equity is comparatively stable compared to the past year. Comparative valuation analysis is a catch-all technique that is used if you cannot value Johnson Outdoors by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.

Johnson Return On Equity vs. Price To Earning

Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.

Johnson Outdoors

P/E

 = 

Market Value Per Share

Earnings Per Share

 = 
8.34 X
Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
Return on Equity or ROE tells company stockholders how effectually their money is being utilized or reinvested. It is a useful ratio when analyzing company profitability or the management effectiveness given the capital invested by the shareholders. ROE shows how efficiently a company utilizes investments to generate income.

Johnson Outdoors

Return On Equity

 = 

Net Income

Total Equity

 = 
-0.0162
For most industries, Return on Equity between 10% and 30% are considered desirable to provide dividends to owners and have funds for the future growth of the company. Investors should be very careful using ROE as the only efficiency indicator because ROE can be high if a company is heavily leveraged.

Johnson Return On Equity Comparison

Johnson Outdoors is currently under evaluation in return on equity category among its peers.

Johnson Outdoors Profitability Projections

The most important aspect of a successful company is its ability to generate a profit. For investors in Johnson Outdoors, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Johnson Outdoors will eventually generate negative long term returns. The profitability progress is the general direction of Johnson Outdoors' change in net profit over the period of time. It can combine multiple indicators of Johnson Outdoors, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
Last ReportedProjected for Next Year
Accumulated Other Comprehensive Income3.8 MM
Operating Income13.5 M12.8 M
Income Before Tax29.7 M24 M
Total Other Income Expense Net11.1 M11.7 M
Net Income22.5 M14.4 M
Income Tax Expense7.2 M8.5 M
Net Income Applicable To Common Shares51.2 M25.9 M
Net Income From Continuing Ops22.5 M36 M
Non Operating Income Net Other-6.5 M-6.2 M
Interest IncomeM5.3 M
Net Interest IncomeM5.3 M
Change To Netincome13.2 M13.9 M
Net Income Per Share 4.44  4.67 
Income Quality(1.40)(1.33)
Net Income Per E B T 0.76  0.53 

Johnson Profitability Driver Comparison

Profitability drivers are factors that can directly affect your investment outlook on Johnson Outdoors. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Johnson Outdoors position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Johnson Outdoors' important profitability drivers and their relationship over time.

Use Johnson Outdoors in pair-trading

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Johnson Outdoors position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Johnson Outdoors will appreciate offsetting losses from the drop in the long position's value.

Johnson Outdoors Pair Trading

Johnson Outdoors Pair Trading Analysis

The ability to find closely correlated positions to Johnson Outdoors could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Johnson Outdoors when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Johnson Outdoors - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Johnson Outdoors to buy it.
The correlation of Johnson Outdoors is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Johnson Outdoors moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Johnson Outdoors moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Johnson Outdoors can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Use Investing Themes to Complement your Johnson Outdoors position

In addition to having Johnson Outdoors in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

Did You Try This Idea?

Run Computers Thematic Idea Now

Computers
Computers Theme
Companies that manufacture and distribute personal and business computers. The Computers theme has 43 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Computers Theme or any other thematic opportunities.
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Additional Tools for Johnson Stock Analysis

When running Johnson Outdoors' price analysis, check to measure Johnson Outdoors' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Johnson Outdoors is operating at the current time. Most of Johnson Outdoors' value examination focuses on studying past and present price action to predict the probability of Johnson Outdoors' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Johnson Outdoors' price. Additionally, you may evaluate how the addition of Johnson Outdoors to your portfolios can decrease your overall portfolio volatility.